EBRD-co-held Meritum Bank mulls debut on Polish stock exchange, decision in 2015

By bne IntelliNews March 27, 2014

Meritum Bank is considering a debut on the Warsaw Stock Exchange (WSE) and wants to decide on these plans in 2015, on the basis of this year's financial results, according to the lender's president Bartosz Chytla.
Another option under consideration is the entry of another shareholder, he added. If the bourse debut is picked as the right scenario, the offering would include existing and new-issue shares, Chytla also announced.
Currently, Meritum Bank's shareholders are private equity firm Innova Capital's Innova/4 L.P., the European Bank for Reconstruction and Development (EBRD) and WCP Cooperatief, and an affiliate of the private equity fund Wolfensohn Capital Partners.
The president also said that at the end of 2013, Meritum Bank's assets exceeded PLN 3bn and is expected to grow by a single-digit percent this year. Its goal is also ROE of above 20% in 2014.
It operates via 126 branches, servicing micro- and small enterprises as well as affluent individual customers.

Related Articles

Poland’s PKN Orlen launches offer to delist Czechia’s Unipetrol

Poland’s state-controlled oil and gas company PKN Orlen has launched an offer to take over Czech refiner Unipetrol, the Polish company said on December 13. PKN Orlen said it will go through with ... more

Poland passes partial ban on Sunday retailing

The Polish parliament on November 24 passed a bill that bans retailing on the first and last Sunday of each month. The passing of the law – which still has to be reviewed by the Senate and ... more

European Parliament calls for use of “nuclear option” against Poland

The European Parliament adopted a resolution on November 15 calling on the EU Council to launch the so-called “nuclear option” against Poland to punish Warsaw for its alleged abuse of the ... more